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A large body of literature suggests that consumers derive utility from gains and losses relative to a reference point. This paper shows that such reference dependence can affect savings in opposite directions depending on whether people face liquidity constraints. Existing models for wealth and...
Persistent link: https://www.econbiz.de/10011272210
As sex ratio imbalances have become a problem in an increasing number of countries, it is important to understand their consequences. With the defeat of the Kuomintang Party in China, more than one million soldiers and civilians, mainly young males, retreated to Taiwan in the late 1940s....
Persistent link: https://www.econbiz.de/10010850574
"Traditional economic theory posits that a well-functioning capital market is a necessary condition for industrialization and economic growth. In reality, micro and small enterprises are ubiquitous because entrepreneurs can undertake low-return activities with minimal barriers to entry. Using a...
Persistent link: https://www.econbiz.de/10005038001
This study assessed the capacity for designing and implementing agricultural and rural development policies, strategies, and programs in Nigeria. Data for this study were derived from initial consultations at the Federal Ministry of Agriculture and Water Resources (FMAWR), Federal Ministry of...
Persistent link: https://www.econbiz.de/10011132807
educated, rich, and proactive individuals were more likely to purchase insurance. Risk aversion was associated with low … risk reduced demand for insurance, particularly when the price of the contract was high, and that provision of insurance …
Persistent link: https://www.econbiz.de/10010850561
This food policy report reviews resilience processes, activities, and outcomes by examining a number of case studies of initiatives by nongovernmental organizations (NGOs) to enhance resilience capacity, and draws implications for policymakers and other stakeholders looking to strengthen resilience.
Persistent link: https://www.econbiz.de/10010933124
While there is a fast-growing policy interest in offering financial products to help rural households manage risk, the … hypothesize that this difference results from the fact that although men and women are equally exposed to yield risk, women face … essence, the basis risk associated with agricultural insurance products is higher for women. Insurance was more effective than …
Persistent link: https://www.econbiz.de/10011272207
manage drought risk: weather index insurance and a recently released drought-tolerant rice variety. We illustrate how these … tools can independently address drought risk and demonstrate the potential for these tools to be combined in a complementary … risk management product. Using a discrete choice experiment, we assess farmers’ preferences for these two tools …
Persistent link: https://www.econbiz.de/10011272213
Persistent link: https://www.econbiz.de/10011277416
Persistent link: https://www.econbiz.de/10011277422